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- Fuel and Freight Daily Update - 12/10/25
12/20/2025
Futures Market Settles (Front Month)
All prices reflect end-of-day settlements from December 9th, 2025
Instrument | Settlement | Change |
|---|---|---|
WTI Future (Jan) | $58.25 | ▼ 0.63 |
Brent Final Day (Feb) | $61.94 | ▼ 0.55 |
RBOB (Jan) | $1.7897 | ▼ 0.0084 |
ULSD (Jan) | $2.2601 | ▼ 0.0381 |
Ethanol CU (Dec) | $1.6725 | ▼ 0.0275 |
Spread | Value | Change |
|---|---|---|
HO/Brent (Feb) | $32.35 | ▼ 0.77 |
RB/Brent (Feb) | $13.35 | ▲ 0.21 |
HO/WTI Crack (Jan) | $36.67 | ▼ 0.77 |
ULSD & Jet Physical Market Settles
Colonial Pipeline Differentials (USGC):
ULSD 62g (C71): -15.00
Jet Fuel 54g (C72): -27.00
Type | Price | Change |
|---|---|---|
D6 (Ethanol) | $1.0975 | (FLAT) |
D4 (Biodiesel) | $1.1550 | (FLAT) |
D5 (Advanced) | $1.1450 | (FLAT) |
D3 (Cellulosic) | $2.4040 | ▲ 0.0125 |
Freight Market Summary
Clean Tankers
The clean‑product tanker market remains under pressure. Prompt tonnage — particularly from the U.S. Gulf — continues to outpace cargo demand. Export flows remain modest, and vessel supply is still ample.
Owners are still offering discounts in an effort to secure stems, and overall sentiment remains soft as the year approaches its end.
Crude Tankers
Long‑haul crude freight continues to hold structural support. Many large crude carriers remain committed to long voyages or rerouted paths, limiting globally available capacity.
While new demand hasn’t surged, this constrained supply continues to support a floor under long‑haul freight rates.
LNG Shipping
LNG freight remains firm heading into winter. Vessel supply is tight, and charterers are booking forward cargoes as seasonal demand builds.
Voyage durations remain extended due to seasonal routing challenges and increased demand, supporting elevated freight levels and giving owners pricing power.
Dry Bulk & General Cargo / Container Freight
The broader dry‑bulk and container freight market remains mixed. Some bulk commodity routes see moderate demand, but container and general cargo flows continue to feel pressure from uneven global demand and excess capacity. Rate momentum remains uneven across many lanes.
Disclaimer
This article and its contents are provided by Liquidity Energy, LLC ("The Firm") for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any commodity, futures contract, option contract, or other transaction. Although any statements of fact have been obtained from and are based on sources that the Firm believes to be reliable, we do not guarantee their accuracy, and any such information may be incomplete or condensed.
Commodity trading involves risks, and you should fully understand those risks prior to trading. Liquidity Energy LLC and its affiliates assume no liability for the use of any information contained herein. Neither the information nor any opinion expressed shall be construed as an offer to buy or sell any futures or options on futures contracts. Information contained herein was obtained from sources believed to be reliable, but is not guaranteed as to its accuracy. Any opinions expressed herein are subject to change without notice, are that of the individual, and not necessarily the opinion of Liquidity Energy LLC